hcy, page-3

They are looking a little pale arent they . XJO and gold breaking to new highs and hcy , well left on the sidelines awaiting their day in the sun ?

# heap leach arrangement with secondary party has been effectively shelved and if you have a look in WA news you will see Timbarra up for sale as they were going to acquire Golden Cities for heap leach extraction but the secondary party was just taking too loooong on the issue so theu will now sell Timbarra at a tidy profit and focus on high grade copper project .

# they still have Ajax and Marmont deposit but unable to conduct any further exploration on these areas due to lack finances . their objective is turn this copper project into a consistent form of revenue and plough a portion of the earnings back into gold exploration .
Hamish said last year there is a heap of gold within bardoc and he estimates 2M is enough to conduct an extensive gold exploration programme .

# ni - thats a hard game its running on autopilot with mre funding . a 30% interest in a ni deposit worth 750M is substantial but this may/maynot happen . its just a process of discovery .